If You Receive a Phone Call That Seeks to Verify

question 78

Multiple Choice

If you receive a phone call that seeks to verify or update personal information you should

• A) ask several questions of the solicitor to verify the person's authenticity.
• B) ask to speak to a supervisor.
• C) obtain the person's name and address in case you need to contact him or her in the future.
• D) obtain the person's name and phone number and call the company to verify his or her credentials.

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Definitions:

Investor Owned

Pertains to a business or entity that is privately owned by investors who seek to earn profits from the operation.

Barriers to Entry

Barriers that make it difficult for new entrants to join a market due to financial, legal, or procedural hurdles.

Economic Profit

The distinction in totality between incomes and costs, inclusive of both transparent and concealed expenses.

Long Run

A period in economics where all factors of production and costs are variable, allowing for full industry adjustment.